The following facts apply to Oehler Company for the year 2012. Please explain the result

ion 5 he following facts apply to Oehler Company for the year 2012: Plan assets, 1/1/12. $450,000 Projected benefit obligation, 1/1/12. ......... 450,000 Annual service cost for 2012. 27,000 Settlement rate for 2012. 7% Actual return on plan assets for 2012.. 30,000 Contributions (funding) in 2012. 32,000 Benefits paid to retirees in 2012.. 17,000 The amount of pension expense to be reported for 2012 is O a. 57,000 O b. 28,500 O c. 450,000 O d. 62,000